MIRA INFORM REPORT

 

 

Report Date :           

18.10.2011

 

IDENTIFICATION DETAILS

 

Name :

BRB INTERNATIONAL B.V.

 

 

Registered Office :

Branskamp 12, Ittervoort, 6014 CB

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

14.09.1981

 

 

Com. Reg. No.:

130209530000

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Wholesale distribution of petroleum and petroleum products, except those with bulk liquid storage facilities

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Netherlands

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address

 

Brb International B.V.

Branskamp 12

Ittervoort, 6014 CB

Netherlands

 

 

Synthesis

 

Employees:                  NA

Company Type:            Private Subsidiary

Corporate Family:          5 Companies

Ultimate Parent:             Brb Group B.V.

Incorporation Date:         14-Sep-1981    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               110.1

Total Assets:                 46.1

 

 

Business Description

 

BRB International B.V. is primarily engaged in the wholesale distribution of petroleum and petroleum products, except those with bulk liquid storage facilities. Included are packaged and bottled petroleum products distributors, truck jobbers, and others marketing petroleum and its products at wholesale, but without bulk liquid storage facilities.

 

Industry

 

Industry            Oil and Gas Operations

ANZSIC 2006:    3321 - Petroleum Product Wholesaling

NACE 2002:      5151 - Wholesale of solid, liquid and gaseous fuels and related products

NAICS 2002:     424720 - Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and

Terminals)

UK SIC 2003:    5151 - Wholesale of solid, liquid and gaseous fuels and related products

US SIC 1987:    5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals

 

           


Key Executives

 

Name

Title

R. Pinckaers

Marketing manager

R. De Goot

EDP manager

P. Hondong

Purchasing manager

T. Karis

Head of accounting department

L. Franssen

Personnel manager

 

 

Key IDSM Number: 50560387

 

Registered No.(NLD): 130209530000

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

                           

Corporate Overview

 

Location

Branskamp 12

Ittervoort, 6014 CB

Netherlands

 

Sales EUR(mil):                         83.1

Assets EUR(mil):                       34.4

Employees:                               NA

Fiscal Year End:                        31-Dec-2010

Industry:                                    Oil and Gas Operations

Incorporation Date:                     14-Sep-1981

Company Type:                         Private Subsidiary

Quoted Status:                          Not Quoted

Registered No.(NLD):                 130209530000

Head of accounting department:  T. Karis

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

3321     -          Petroleum Product Wholesaling

 

NACE 2002 Codes:

5151     -          Wholesale of solid, liquid and gaseous fuels and related products

 

NAICS 2002 Codes:

424720  -          Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

 

US SIC 1987:

5172     -          Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals

 

UK SIC 2003:

5151     -          Wholesale of solid, liquid and gaseous fuels and related products

 

Business Description

BRB International B.V. is primarily engaged in the wholesale distribution of petroleum and petroleum products, except those with bulk liquid storage facilities. Included are packaged and bottled petroleum products distributors, truck jobbers, and others marketing petroleum and its products at wholesale, but without bulk liquid storage facilities.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

83.1

Assets:

34.4

Current Assets:

32.5

 

Total Liabilities:

34.4

 

Net Worth:

17.4

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

NA

Key Corporate Relationships

Bank:

ABN AMRO Bank NV

 

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Brb International B.V.

Brb International B.V. 
Total Corporate Family Members: 5 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Brb Group B.V.

Parent

 

 

 

 

 

 

Brb Invest B.V.

Subsidiary

Ittervoort, Limburg

Netherlands

Miscellaneous Financial Services

129.6

 

 

Brb Produktie B.V.

Subsidiary

Ittervoort, Limburg

Netherlands

Miscellaneous Financial Services

 

36

 

Brb Development B.V.

Subsidiary

Ittervoort, Limburg

Netherlands

Biotechnology and Drugs

 

8

 

Brb International B.V.

Subsidiary

Ittervoort, Limburg

Netherlands

Oil and Gas Operations

110.1

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jacobus Claessen

 

Member of the board

Director/Board Member

 

T. Karis

 

Head of accounting department

Director/Board Member

 

Carolina Rutten-Stappers

 

Member of the board

Director/Board Member

 

Petrus Zonneveld

 

Member of the board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

T. Karis

 

Head of accounting department

Accounting Executive

 

L. Franssen

 

Personnel manager

Human Resources Executive

 

R. Pinckaers

 

Marketing manager

Marketing Executive

 

R. De Goot

 

EDP manager

Information Executive

 

P. Hondong

 

Purchasing manager

Purchasing Executive

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

110.3

82.1

-

Net sales

110.1

81.6

-

Other operating income

0.2

0.5

-

Gross profit

-

-

20.2

Total payroll costs

-

-

2.1

Other operating costs

-

-

11.1

Total operating costs

103.9

76.7

-

Net operating income

6.4

5.4

7.0

Total financial income

1.6

1.9

0.3

Total expenses

0.4

1.2

1.1

Profit before tax

7.6

6.1

6.3

Profit attributable to minority interest shareholdings

1.5

0.5

-0.2

Profit on ordinary activities after tax

7.2

5.0

4.7

Extraordinary income

0.0

-

-

Extraordinary result

0.0

-

-

Profit after extraordinary items and before tax

0.0

-

-

Other taxes

-

0.0

-

Total taxation

1.9

1.6

1.6

Profit after tax

7.2

5.0

4.7

Net profit

7.2

5.0

4.5

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Share premium account

0.0

0.0

0.0

Other reserves

23.6

17.3

11.8

Total reserves

-

0.1

-

Total stockholders equity

23.6

17.5

11.9

Provisions and allowances

0.7

0.7

0.7

Total long-term liabilities

0.8

0.9

1.1

Total current liabilities

20.9

15.8

16.4

Total liabilities (including net worth)

46.1

34.9

30.1

Intangibles

0.2

0.2

-

Total asset investment

2.3

1.1

0.1

Total non-current assets

2.5

1.3

0.1

Net stocks and work in progress

15.5

13.7

12.5

Trade debtors

13.2

9.6

-

Other receivables

13.7

9.4

-

Total receivables

26.8

19.0

17.0

Cash and liquid assets

1.2

0.9

0.5

Total current assets

43.6

33.6

30.0

Total assets

46.1

34.9

30.1

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

2.10

2.10

1.80

Acid test ratio

1.30

1.30

1.10

Current liabilities to net worth

0.90%

0.91%

1.38%

Fixed assets to net worth

0.11%

0.07%

0.01%

Collection period

43.10

41.70

-

Stock turnover rate

7.20

6.20

-

Sales to net working capital

4.90

4.70

-

Asset turnover

2.42%

2.41%

-

Profit margin

0.07%

0.07%

-

Return on assets

0.17%

0.18%

0.20%

Shareholders' return

0.33%

0.36%

0.50%

Sales per employee

2,598.11

2,095.25

-

Profit per employee

179.52

156.08

148.02

Return on capital

0.29%

0.27%

0.36%

Average wage per employee

-

-

49.35

Net worth

23.4

17.3

11.9

Number of employees

32

28

29

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.89

UK Pound

1

Rs.77.31

Euro

1

Rs.67.79

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.